Equity MF inflows surge 22% to record Rs 41,887 crore in October

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Equity MF inflows surge 22% to record Rs 41,887 crore in October - Business Standard

Quick Summary:

Venkat Chalasani, chief executive of Amfi, said the trend highlights the growing maturity of investors."October 2024 has demonstrated remarkable momentum in India's MF industry.

The Nifty50 ended the month 6.2 per cent lower, while the Sensex declined 5.8 per cent."We have seen heightened volatility in markets with FII selling due to major global events, including US elections.

Sectoral and thematic funds remained at the top of the inflows chart as investors poured in a net of Rs 12,279 crore.